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Strait of Hormuz Daily Transit Statistics
Comparison of historical daily average vessel traffic versus recent transit numbers due to conflict.
Primary Sources
Oil prices surge amid mixed signals on US-Iran peace talks
Brent crude rises more than 7 percent as Washington and Tehran offer conflicting accounts on ceasefire negotiations.Oil prices have risen sharply following attacks on commercial vessels in the Strait of Hormuz and conflicting messages about the prospect of renewed negotiations between the United States and Iran.Brent crude futures, the primary benchmark for global prices, jumped more than 7 percent in Asia on Monday as the outlook for peace between Washington and Tehran darkened.Recommended Stories list of 4 itemslist 1 of 4Schools, shops shut in northern Israel to protest the Lebanon ceasefirelist 2 of 4Argentina’s Milei backs US-Israel war on Iran in Jerusalem visitlist 3 of 4US forces attack and seize Iranian ship Touska near Strait of Hormuzlist 4 of 4Outrage after photo shows Israeli soldier smashing Jesus statue in Lebanonend of listPrices eased somewhat later in the morning, with the benchmark at $94.69 a barrel as of 02:05 GMT, up from just under $90.40 on Friday.The latest price surge came after US President Donald Trump said US forces seized an Iranian-flagged cargo vessel that had attempted to evade the US blockade of Iran’s ports.Trump’s announcement followed reports by the United Kingdom Maritime Trade Operations (UKMTO) Centre over the weekend that two vessels came under attack while transiting the strait.Iranian gunboats fired on a tanker, while an “unknown projectile” struck a container ship, according to the UKMTO.After declaring the strait “completely open” on Friday, Tehran reversed course less than 24 hours later, citing the ongoing US blockade.Earlier on Sunday, Trump said that a US delegation would travel to Pakistan on Monday to hold a second round of ceasefire talks with Iranian officials.Iranian state news outlet IRNA later reported that Tehran would not participate in the talks, citing the US blockade and Washington’s “excessive demands” and “unrealistic expectations”.A two-week ceasefire between Washington and Tehran is set to expire on Wednesday if the sides cannot agree on an extension.An initial round of talks held in Islamabad earlier this month broke down without any agreement between the sides.Iran’s effective closure of the strait, which usually carries about one-fifth of global oil and natural gas supplies, has driven a surge in fuel prices worldwide, forcing governments to tap emergency supplies and roll out energy-saving measures.Nineteen vessels crossed the strait on Saturday, up from 10 the previous day, but far below...
Oil prices: Possible U.S.-Iran talks revive hopes of easing ... - CNBC
An aerial view of the Chevron EL Segundo refinery, one of the largest petroleum processing facilities in California, as a plane takes off from LAX on April 8, 2026 as seen from above Manhattan Beach, California. Mario Tama | Getty ImagesOil prices were stable Wednesday, after falling sharply in the previous session as the market grows more optimistic that the Middle East war could see a diplomatic resolution.U.S. crude oil futures for May delivery closed little changed at $91.29 per barrel. International benchmark Brent for June delivery settled 14 cents higher at $94.93 per barrel.U.S. crude fell nearly 8% Tuesday on the hope that a second round of U.S.-Iran talks could yield a deal.President Donald Trump said the war is "very close to over" in a Wednesday interview with Fox Business. Trump said the "stock market is going to boom" when the conflict ends. Th president told the New York Post on Tuesday that talks with Iran could take place "over the next two days" in Islamabad, Pakistan. Stock Chart IconStock chart iconOil prices year to dateTrump had earlier indicated discussions were proceeding slowly and negotiations would likely be held in Europe, but called back shortly after with updated details, the report said. The renewed push for talks comes after earlier reports that talks aimed at resolving the Middle East conflict could resume ahead of the expiration of a fragile two-week ceasefire."Resuming flows through the Strait of Hormuz remains the single most important variable in easing the pressure on energy supplies, prices and the global economy," the IEA said in a report published Tuesday.Goldman Sachs said in a note published Wednesday that flows through the strait remain constrained, running at just about 10% of normal levels, or roughly 2.1 million barrels per day on a four-day moving average. The U.S. blockade targeting Iranian ports could further pressure remaining flows, with Washington reporting that several vessels had already turned back in the first 24 hours, even as transit via non-Iranian ports continues.Goldman noted that disruptions to crude production in the Middle East appear less severe than initially feared. It estimates average shut-ins in the Persian Gulf at about 8 million barrels per day in March, below earlier expectations and lower than the International Energy Agency's 10 million barrels per day estimate, partly due to higher use of storage and oil held on tankers.
Oil mixed amid supply uncertainty and US-Iran talk hopes
While the market is thinking the worst is over and factoring in further rounds of peace talks between the US and Iran in the coming days, there is more hope than actual developments at this point, said Suvro Sarkar, energy sector team lead at DBS Bank. "Physical oil is still trading at significant premiums to these futures prices," he said.
Oil Prices Surge Amid US Blockade of Hormuz, But Demand Risks and Iran ...
The US blockade of the Strait of Hormuz has triggered a sharp rebound in oil prices, but ongoing demand risks and the prospect of renewed US-Iran talks are tempering market sentiment. While technicals suggest further downside risk for WTI, the outlook for Brent remains highly dependent on the duration of the conflict and global demand trends.
